The company reported standalone net loss during the quarter stood at Rs 19.36 crore as compared to net loss of Rs 7.67 crore in the previous year quarter.
Net revenue of the company declined substantially by 76.73 per cent at Rs 29.76 crore in January-March quarter of this fiscal as against Rs 127.87 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 65.56 per cent to Rs 47.14 crore from Rs 136.87 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.61 crore versus (Mar'24 Rs 0.00 crore).
Operating Profit surged by 105.44 per cent to Rs -17.38 crore as against Rs -8.46 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 782.18 per cent in March quarter.
Interest grew by 28.74 per cent y-o-y to Rs 1.12 crore, while Taxation decreased by 137.39 per cent at Rs -0.83 crore (Mar'24 Rs 2.22 crore).